Green ammonia/green hydrogen are an infant industry, what in your opinion needs to happen to see them scale-up?
Generating demand for decarbonized ammonia is a function of companies’ commitments to decarbonize and the development of governmental policy that will limit or start to put an effective price on continued carbon emissions. We believe that the momentum to decarbonize is growing, that the demand growth for low-carbon fuels to meet these goals will become so strong that it will be hard to supply all via any one mode. The ammonia industry is one of the best positioned to begin implementation of carbon reduction technologies given the nature of the emission streams and ability to use electrolytically produced hydrogen as an alternative feedstock while broader hydrogen demand develops.
We firmly believe that ammonia and hydrogen are going to play a critical role in decarbonizing economies and that demand is going to far exceed existing supply – and existing supply of green ammonia today is essentially zero. The big question for industry is: what will be needed to make the final investment decisions to build new large capacity supply, which will take 4-5 years to complete?
We know the world is going to need more ammonia by the time you get to the back end of this decade, the question is, how much? We have already seen announcements around green ammonia production capacity in Australia, the Middle East and Europe. CF Industries has begun construction on the first commercial-scale green ammonia capacity in North America.
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